New Businesses
Our firm can help you to start your new business or expand
your existing business. David Hedge have successfully
run his own businesses outside financial services and
knows some of the difficulties and potential pitfalls,
and more importantly, appreciate the sheer hard work needed
to establish a successful enterprise. WE KNOW, because
we’ve been there!
New businesses need finance and to obtain this on the
best terms we can produce a professional business plan
to present to lenders. The business plan demonstrates
the potential viability of the proposal to the lender.
Perhaps more crucially, the business plan helps to provide
you with the assurance that project you are proposing
can be profitable.
Preparation of the business plan should also highlight
any potential pitfalls, and how these would be overcome
or avoided. By having an external examination of your
plans, omissions and errors that might jeopardise the
enterprise might be avoided. Careful consideration should
also calculate the level of borrowing and type of financing
that will be needed in the early years.
We assist the self-employed, partnerships and limited
companies, and can advise you of the most appropriate
structure for your business.
Existing
Businesses
Many businesses wish to expand.
To do this, finance is generally required, and various
options are available:
Banks
Banks are the traditional providers of business finance.
The bank will assess the risk involved and the security
offered and set their interest rate and other terms
accordingly.
To assess this properly, they need a clear and rational
explanation of what the money will be used for. We can
often interpret your ideas most effectively, perhaps
vetting the application prior to submission and providing
advice based on our experience.
Generally the best terms can be obtained from your existing
bankers, but occasionally another lender can offer more
flexible or even cheaper terms.
Where security is insufficient for a bank to lend, use
might be made of the Department of Trade and Industry’s
Loan Guarantee Scheme. We have arranged finance
for a number of businesses on this basis.
Outside Investors
Occasionally finance is needed for projects that are
too risky for a bank’s consideration, or the security
the bank requires is insufficient. External investors
can use the tax advantages of Enterprise Investment
Schemes (EIS) to their benefit, and yours. We have successfully
arranged finance under the Scheme for a number of companies
and investors.
Larger companies requiring development capital may benefit
from external investors within a Venture Capital Trust
(VCT), and we have links to a number of VCT managers.
Whatever your needs, our team is here to help
and advise.
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Hedgelands
Financial Services, Hedgelands,
Abbotskerswell, Newton
Abbot, TQ12 5PW
Some of the corporate
services we offer may
fall outside of FSA regulations.
Hedgelands Financial Services is a trading name
of Honister Partners Ltd. Honister Partners Ltd
is an appointed representative of Sage Financial
Services Ltd, which is authorised and regulated
by the Financial Services Authority. Sage Financial
Services Ltd is entered on the FSA register (www.fsa.gov.uk)
under reference 150452. The information and content
of this website is intended for UK consumers only
and is subject to the UK regulatory regime. The
FSA do not regulate will writing services and some
forms of mortgages and tax planning services. Honister
Partners Ltd Registered Office 1 Nicholas Road,
London W11 4AN. Registered in England and Wales
no. 06923303. |
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